#Ethereum Whales (-Ethereum
buying 871,000 coins of mine S #اخبارك_وتحليل #بينانس_للمبتدئين
and BlackRock investments,
to the level of $3,000.
The price of Ethereum has dropped.
Today, up by 3% to reach $2,555, testing a jump.
Its relative stability over months has ranged between $2,400 and $2,800. The price has remained within this range since it rose by 80% from its low recorded in April.
which stands at $1,385.
Despite this decline, the market value of Ethereum remains at
308 billion dollars and its daily trading volume of 25 billion dollars within astonishing levels, keeping traders in a state of intense anticipation for the next price breakout.
Announcement
Is Ethereum's performance approaching?
3 years to reverse direction
Bullish?
The price of Ethereum is now testing its 50-day moving average (EMA) near $2,333, which helped trigger a price surge in 2020, followed by a sharp price jump to $4,891 in 2021. If the ETH price holds above this level, analysts expect the $3,000 level to be its next stop, and the coin could achieve larger gains.
For its part, blockchain financial data supported these expectations, as CryptoNews reported that wallets containing between 1,000 to 10,000 ETH bought more than 800,000 ETH daily last week. On June 12 alone, these wallets purchased 871,000 ETH.
Thus, these large investors now hold a total of 14.3 million ETH, with these intense purchases showing their increasing confidence in Ethereum and their belief that its price might break through key resistance levels in the foreseeable future.